Neighborhood C - Store For Sale
Location North Carolina,United States
Asking Price Range < $250K
Gross Revenues $390000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2012
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Description REDUCED to $49,000 Neighborhood C-store in Heart of Charlotte without lottery. Great sales (32,500/month) in this small, easy-to-run business. The store is well-kept and clean. Customer base is established and loyal from the surrounding neighborhood. Inventory includes all major types as well as specialized food and retail products for local market.
Current owners have not yet taken the time to put in lottery - a new operator can easily increase the profitability of the business. Expenses are kept low with an excellent lease: $1,050 base rent, landlord pays property tax, property insurance, and water/trash bill.
The business has very sustainable economics - even if a new owner hired an employee for all shifts, they would still make their money back in about 1 year.
Reason for selling: one partner has just received prestigious employment internationally with the U.N. The other partner does not want to continue working separately.
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